General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI live in South Florida, and I had a couple of interesting calls with clients today
These investors were looking into purchasing some older, and relatively affordable, apartment buildings in Miami... and on two separate calls with two separate investors and they each said they expect a rise in demand because of migration from NYC "after recent events."
Prairie Gates
(6,796 posts)is that they never fucking go.
Drum
(10,492 posts)Greg_In_SF
(701 posts)Florida has been one of the fastest growing states this decade, with an average population growth of between 350,000 and 375,000 per year.
NoRethugFriends
(3,594 posts)JustAnotherGen
(37,375 posts)Asswipes. At least they won't invade New Jersey.
W_HAMILTON
(9,863 posts)Florida Atlantic Universitys Business and Economic Polling Initiative (BEPI) released the results of its latest poll this week, revealing that just under 50% of Floridians are "seriously considering" moving due to the rising cost of living.
Taken from: https://www.realtor.com/news/trends/florida-residents-move-affordability-study/
diane in sf
(4,200 posts)S/V Loner
(9,461 posts)running a scam on the other investor/investors.
lapfog_1
(31,423 posts)only to move back in the summer when the heat and humidity make their new electric bills arrive and make any new taxes raised on them in NYC seem rather tame by comparison
malaise
(290,995 posts)hurricane
JPK
(884 posts)I have no debt. I own my house and my two vehicles outright and one is electric. My wife and I are on Social Security and I still work part time on a very easy job. Our property taxes are around $700/year because we homestead and get a senior citizen rate on our property taxes. I can't imagine someone with a mortgage of a couple of a couple of a hundred thousand dollars, have a property tax bill of 3-4k dollars a year and add sky high home insurance rates. I don't know how they do it. The cost of renting an apartment has gotten so high, service workers can't afford to live in the towns where their jobs are. Some cities are wanting to build low cost housing just for those people to live near where they work just to keep small business' in town. The state is a shit hole. There is so much bad going on now.
quaker bill
(8,260 posts)Locally zoning has been loosened up for the construction of ADUs. Basically, it allows a small additional dwelling unit to be constructed on lots with room for it. A lot of them are going up as lower cost rentals to attempt to provide some workforce housing.
I got in here by downsizing in 2019. I would not pay current prices. I do live a good distance from the shore and floodplains, so my insurance costs are not crazy, but certainly have risen. I live on SS, but am fortunate to have a pension as well.
msongs
(72,828 posts)maxrandb
(16,994 posts)Utah: Consistently ranks as the fastest-growing state over the last two decades, with a 23.88% growth rate from 2010 to 2023. Its growth is largely driven by a high birth rate.
Idaho: Was the second fastest-growing state from 2003 to 2023, with a 44.1% increase.
Nevada: Was the third fastest-growing state from 2003 to 2023, with a 42% increase.
By numeric growth (recent)
Texas: Added the most residents between July 2023 and July 2024.
Florida: Came in second for numeric growth during the same period.
California: Added the third-largest number of new residents in the same timeframe.
By percentage growth (recent annual)
South Carolina: Was the fastest-growing state by percentage between 2022 and 2023.
Florida: Was second in percentage growth during the 2022-2023 period.
Texas: Was third in percentage growth during the 2022-2023 period.
Don't know why South Carolina, but it is the cheapest beach area if you're a retiree.
Stories like this remind me of the old Penthouse Forum "letters".
I swear this had never happened to me before, but one night in college, my girlfriend and her roommate came over to study......
JI7
(92,944 posts)They will probably use these as examples of people "fleeing" NY.
Also people can't just leave and why would they go to Florida ? People have jobs, schools, businesses etc.